Laurus Global Equity Management Inc. Has $523,000 Stock Position in Exponent, Inc. $EXPO

Laurus Global Equity Management Inc. lessened its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 43.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,005 shares of the business services provider’s stock after selling 5,350 shares during the period. Laurus Global Equity Management Inc.’s holdings in Exponent were worth $523,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Two Sigma Investments LP purchased a new stake in shares of Exponent in the 4th quarter valued at approximately $366,000. GAMMA Investing LLC boosted its position in shares of Exponent by 8,065.9% in the first quarter. GAMMA Investing LLC now owns 33,072 shares of the business services provider’s stock worth $2,681,000 after buying an additional 32,667 shares during the period. Rhumbline Advisers grew its holdings in shares of Exponent by 3.1% during the first quarter. Rhumbline Advisers now owns 184,891 shares of the business services provider’s stock valued at $14,987,000 after buying an additional 5,606 shares in the last quarter. Procyon Advisors LLC purchased a new stake in Exponent in the 1st quarter worth about $370,000. Finally, Impact Capital Partners LLC boosted its position in Exponent by 10.0% during the 1st quarter. Impact Capital Partners LLC now owns 4,677 shares of the business services provider’s stock worth $379,000 after acquiring an additional 424 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Exponent in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Insider Buying and Selling

In related news, CEO Catherine Corrigan sold 4,905 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $69.91, for a total transaction of $342,908.55. Following the completion of the sale, the chief executive officer directly owned 82,753 shares of the company’s stock, valued at approximately $5,785,262.23. This represents a 5.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joseph Sala sold 1,595 shares of Exponent stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $70.64, for a total transaction of $112,670.80. The disclosure for this sale can be found here. Insiders have sold 11,396 shares of company stock valued at $803,636 in the last ninety days. Company insiders own 1.60% of the company’s stock.

Exponent Stock Performance

Shares of NASDAQ EXPO opened at $67.10 on Monday. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 33.55 and a beta of 0.91. The business has a 50 day simple moving average of $70.30 and a 200 day simple moving average of $74.70. Exponent, Inc. has a 52 week low of $63.81 and a 52 week high of $115.75.

Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, July 31st. The business services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. Exponent had a net margin of 18.35% and a return on equity of 24.19%. The company had revenue of $132.87 million during the quarter, compared to the consensus estimate of $130.82 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts predict that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 5th. Exponent’s dividend payout ratio (DPR) is presently 60.00%.

About Exponent

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.